Ad-hoc | 6 December 2010 08:49
HOCHTIEF Aktiengesellschaft / Key word(s): Capital Increase
06.12.2010 08:49
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* HOCHTIEF increases capital stock by around 10% under exclusion of
subscription rights of existing shareholders
* After acquiring all new shares, Qatar Holding will hold almost 9.1% of
the new capital stock
* Issue price of EUR 57.114 per share is close to current stock price
* Total investment of almost EUR 400 million strengthens HOCHTIEF's
financial position and provides latitude for the announced further growth
* Agreement on joint strategic cooperation
HOCHTIEF Aktiengesellschaft welcomes Qatar Holding LLC, Doha, as major
shareholder. HOCHTIEF increases the capital stock by around 10 percent
under exclusion of subscription rights of existing shareholders. After
acquiring all new shares, Qatar Holding will - as soon as the capital
increase is registered with the commercial register - hold almost 9.1
percent of the new capital stock. The Ad-hoc Committee of the HOCHTIEF
Supervisory Board has approved the capital increase.
Qatar Holding LLC is the strategic and direct investment arm of Qatar
Investment Authority.
The capital increase will be carried out by partly making use of the
authorized capital created at the HOCHTIEF General Shareholders' Meeting on
May 11, 2010, by issuing 6,999,999 no-par-value shares against cash
contributions. According to the resolution of the General Shareholders'
Meeting, subscription rights of existing shareholders are excluded. The
issue price is EUR 57.114 per share, resulting in an equity contribution of
almost EUR 400 million to HOCHTIEF. The cash inflow from the capital
increase shall strengthen the financial position and provide latitude for
the announced further growth after the planned bond issue had to be called
off in mid-September.
In parallel to the capital increase, HOCHTIEF and Qatar Holding have agreed
to intensify the existing cooperation and to explore further areas for
strategic cooperation.
Kontakt:
elmar.sauter@hochtief.de
06.12.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Deutschland
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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